[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Joseph [@BOLDJOE](/creator/twitter/BOLDJOE) on x XXX followers Created: 2025-07-20 14:22:55 UTC Multiple sources, including The New York Times, and Reuters, report that “The Late Show with Stephen Colbert” was losing approximately $XX million annually. Puck’s Matt Belloni noted that the show costs about $XXX million per year to produce, with advertising revenue insufficient to cover these costs, resulting in a $XX million shortfall. CBS executives stated that the cancellation was “purely a financial decision against a challenging backdrop in late night,” citing the deteriorating economics of late-night television. This aligns with reports of declining ad revenue (from $XXX million for all late-night shows in 2018 to $XXX million in 2024) and shrinking audiences due to the shift to streaming platforms. The broader decline in late-night TV profitability is well-documented. The format struggles with high production costs (e.g., Colbert’s salary of $15–20 million annually and a staff of ~200) and reduced ad revenue, as younger audiences move to streaming and social media. XX engagements  **Related Topics** [joe biden](/topic/joe-biden) [cancellation](/topic/cancellation) [stephen colbert](/topic/stephen-colbert) [$nyt](/topic/$nyt) [Post Link](https://x.com/BOLDJOE/status/1946938876339351872)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Joseph @BOLDJOE on x XXX followers
Created: 2025-07-20 14:22:55 UTC
Multiple sources, including The New York Times, and Reuters, report that “The Late Show with Stephen Colbert” was losing approximately $XX million annually. Puck’s Matt Belloni noted that the show costs about $XXX million per year to produce, with advertising revenue insufficient to cover these costs, resulting in a $XX million shortfall. CBS executives stated that the cancellation was “purely a financial decision against a challenging backdrop in late night,” citing the deteriorating economics of late-night television. This aligns with reports of declining ad revenue (from $XXX million for all late-night shows in 2018 to $XXX million in 2024) and shrinking audiences due to the shift to streaming platforms. The broader decline in late-night TV profitability is well-documented. The format struggles with high production costs (e.g., Colbert’s salary of $15–20 million annually and a staff of ~200) and reduced ad revenue, as younger audiences move to streaming and social media.
XX engagements
Related Topics joe biden cancellation stephen colbert $nyt